On February 2, 2015, FERC submitted its Fiscal Year
("FY") 2016 Budget Request for $319,800,000. This amount
is approximately five percent above the FY 2015 Budget Request. In
requesting its budget, FERC sets out its three primary goals: (1)
supporting just and reasonable rates, terms, and conditions
("Goal 1"); (2) promoting safe, reliable, secure and
efficient infrastructure ("Goal 2"); and (3) mission
support through organizational excellence ("Goal 3").
FERC ties its goals to specific objectives that it intends to
achieve with its budget. The objectives under Goal 1 are: (1) to
establish FERC rules and policy that will result in just and
reasonable rates, terms and conditions; and (2) to increase
compliance with FERC rules and to detect and deter market
manipulation. The objectives set for Goal 2 are: (1) to foster
economic and environmental benefits for the nation through approval
of natural gas and hydropower projects; and (2) to minimize risks
to the public
